Business

Lufthansa to resume flights from Frankfurt to Tehran this month

German airline Lufthansa said on Friday that it would resume flights from Frankfurt to Tehran from April 16. Lufthansa had suspended flights in January 2020 after a Ukranian airliner was shot down soon after take-off from Tehran. The airline said it has since assessed security measures by Iran with national and international authorities. “The conditions […]

Business

Rupee Falls 17 Paise to 75.22 Against US Dollar in Early Trade

The rupee slumped 17 paise to 75.22 against the US dollar in opening trade on Thursday following losses in domestic equity markets amid concerns over rising COVID-19 cases. Besides, foreign fund outflows also weighed on investors’ sentiment, forex traders said. At the interbank foreign exchange, the domestic unit opened sharply lower at 75.19 against the […]

Business

Tesla’s first-quarter deliveries break previous record, beat expectations

Tesla Inc on Friday posted record deliveries for the January to March quarter, beating Wall Street estimates, as solid demand for less expensive models offset the impact of a global shortage of parts. “We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity,” Tesla […]

Business

Alphabet Waymo self-driving unit CEO stepping down

The head of Alphabet Inc’s self-driving unit Waymo said on Friday he was stepping down as chief executive and would be replaced by a pair of executives. John Krafcik, a long-time auto industry executive who has headed Waymo for more than five years, will stay on as an advisor, the company said. “This is a […]

Business

Eerily silent Paris CDG marks Easter without air travel rush

Easter at Paris’s Charles de Gaulle airport typically starts two weeks early as extra staff are trained to cope with one of the busiest weekends of the year. On Friday, an eerie calm pervaded Europe’s largest airport as France slides back into lockdown. Instead of crowded check-ins and relentless take-offs and landings, rows of unused […]

Business

Dollar, U.S. Treasuries edge higher on strong U.S. labor report

The dollar and the yield on the benchmark Treasury note edged higher in light trading on Friday after data showing a surge in the hiring of Americans in March pointed to a U.S. economic recovery that is poised to be the strongest in decades. Equity markets were closed for Good Friday in the Americas, Europe […]

Business

U.S. factories desperate for workers, even as ranks of jobless remains high

Matt Arnold just spent $5,000 to run help-wanted ads for his company’s five trailer factories scattered from Pennsylvania to Utah. “We hired two from the ads,” said Arnold, just a fraction of the 125 he needs to get back to full strength of 673 workers. Half the welding jobs at his Texas plant are open, […]